Which Statement Is NOT One of the Four Principles of Individual

question 21

Multiple Choice

Which statement is NOT one of the four principles of individual choice?

• A)Choices are necessary because resources are scarce.
• B)Unpaid volunteer work is irrational since economic rationality dictates that individuals should only engage in work they are paid for.
• C)The true cost of something is its opportunity cost.
• D)"How Much" is a decision at the margin.

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Definitions:

Individual Resistance

The act of opposing or standing against changes, policies, or practices that an individual believes are harmful or disagreeable.

Resource Allocation

The process of distributing available resources among various projects, departments, or units within an organization to maximize efficiency and effectiveness.

Perceptions

The way in which something is regarded, understood, or interpreted by an individual or group.

Habit

A regular practice or routine that is hard to give up, often performed unconsciously.